Nuvo Research Inc Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Nuvo Research Inc

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TheBusDriver who started this subject	2/3/2003 10:45:23 PM
From: Tom Johnson	Read Replies (2) of 14101

Wolf: The following is a quote within a post by Barcelo on SH. "REK is going to have to focus on a lot more than PR's, she is running out of money do the math - 1. The burn rate at 1.2 CDN/mth 2. They had 35K US = 54K CDN at the end of NOV.2002 3. They put a mortgage on Markham building of 1.3 US = 2.0 CDN So if you add what she had in cash (2.054) and take away the running costs for Dec. 02 Jan. 03 she has a short fall of aprox. 346K CDN to take her to the end of Jan. 03... not to mention the payables were up to 3.3 US or 5.049 CDN.... if you can't figure where this puts this company ask any accountant. I think I know the answer insolvent" Just curious, does your math come up with identical (or close to it) numbers? TIA!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next